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Sep 4, 2012
09/12
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that is what the united states has is a fiat currency. i think people are waking up to that. i don't think it has anything to do with fear and everything to do with what is coming down the pipe. it is painful on the down days and there have been a number of them, i think gold is what's going to win. one day we will wake up and the price of gold will be a lot higher than it is now. i think it just all makes sense to me. i think gold continues to go higher. >> are they right? >> absolutely. first of all, you don't want to mess with him. he is iron man but he is spot on. hopefully folks have been following the trade on twitter. we have been talking about this gold. 1724 is a short term objective. one thing that stood out is the moody's downgrade. i know we essentially discredit moody's. but there is a lot of pressure on draghi to move that metal. >> do we think that draghi will do something and we will get more printing of money or is it the fear trade or both? >> i think it's both. to add on to that, you china weakening. there are additional measures coming on to the market. la
that is what the united states has is a fiat currency. i think people are waking up to that. i don't think it has anything to do with fear and everything to do with what is coming down the pipe. it is painful on the down days and there have been a number of them, i think gold is what's going to win. one day we will wake up and the price of gold will be a lot higher than it is now. i think it just all makes sense to me. i think gold continues to go higher. >> are they right? >>...
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Sep 20, 2012
09/12
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states. it's coming from underneath the gulf of mexico where you're not interfering with anybody's drinking water and so forth. and the bottom line is that the amount of gas that's been discovered over a huge expanse of territory is enough that if our government adopted an energy policy that favored natural gas for vehicles and power plants and so forth, we could move quite a way from shipping money out in return for oil in from countries that it seems this week don't like us very much. >> great to have you on the show. thanks so much for coming in. joan lapinn. >>> a popular tech stock taking a hit today. >> this story absolutely fascinates me. look at share of amazon. amzn. reuters reported walmart is going to stop selling kindle products. right? the stock dropped sharply. it has recovered most of the losses though it is down .75%. i went on the site myself to try to find it. the only thing you could do is find a few accessories. kindle is is off the website. they're going to sell out their
states. it's coming from underneath the gulf of mexico where you're not interfering with anybody's drinking water and so forth. and the bottom line is that the amount of gas that's been discovered over a huge expanse of territory is enough that if our government adopted an energy policy that favored natural gas for vehicles and power plants and so forth, we could move quite a way from shipping money out in return for oil in from countries that it seems this week don't like us very much....
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Sep 27, 2012
09/12
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. >> give us your sense of real estate in the united states at this point. are we finally off the bottom? >> i think generally we're off the bottom. but it's a tale of many different cities. it depends on the type of real estate, it depends on the market, as you can imagine. the strongest parts of the united states tend to be the coastal cities where people want to live and work. and that is true for residential, for office, commercial, and so forth. and perhaps the very strongest as you've pointed out just a second ago is the top bid for luxury residential and places like manhattan and miami. and it's a foreign driven bit. >> qe3. they're going to hoover up every mortgage known to man, supposedly. isn't that going to help? >> you know, i don't think that qe3 is going to do very much at all, other than keep interest rates low, which benefits all financial assets, right? but there's been no evidence that qe3 is actually going to make its way into the real economy and lift -- >> explain the disconnect, then, between low interest rates which historically led to
. >> give us your sense of real estate in the united states at this point. are we finally off the bottom? >> i think generally we're off the bottom. but it's a tale of many different cities. it depends on the type of real estate, it depends on the market, as you can imagine. the strongest parts of the united states tend to be the coastal cities where people want to live and work. and that is true for residential, for office, commercial, and so forth. and perhaps the very strongest...
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60
Sep 5, 2012
09/12
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the united states showing the big slope up. government programs he says for example extended unemployment insurance could have kept the rate high. nonsense says jeff lacker from the richmond fed, jim bull from st. louis and others. there he say he didn't look deep enough into the data. we have a high, long-term unemployment problem. that is a sign of structural. then they say this very interesting question, a little bit into the economics here. where the deflation? if there is all of this extra slack in the economy, prices should be falling. in fact, you have this large bump up in unemployment and then you look at the year over year end of inflation and there is no deflation there. the big question, guys, where does the number come back to? what is the right number? should the fed be aiming for a 5%, 6%, or 7% unemployment rate which means there's a lot less slack in the economy right now. that's the debate, scott. that's what the fed is puzzling over. how much it can do. how much progress it can have on unemployment. bernanke
the united states showing the big slope up. government programs he says for example extended unemployment insurance could have kept the rate high. nonsense says jeff lacker from the richmond fed, jim bull from st. louis and others. there he say he didn't look deep enough into the data. we have a high, long-term unemployment problem. that is a sign of structural. then they say this very interesting question, a little bit into the economics here. where the deflation? if there is all of this extra...
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Sep 28, 2012
09/12
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. >> the inflation in the united states is clearly in the bottle, but it could just as easily get out of the bottle. is that your thesis for 2013? >> inflation is one of the risks of the thesis. the banks are being accommodating. one thing to remember the key factor would be velocity of money. it only goes up if lending increases and so an early beneficiary of that would be citigroup so you can think about that in the early days of that process as being a partial hedge. >> if rates go up for the wrong reasons, it could completely -- everything could get ratcheted down. isn't that true? >> i think we're quite a ways away from that risk playing out. we haven't seen much evidence of inflation so far. so we think that before you get anywhere close to that point, there will be opportunities for the fed to retreat from their strategy. but the other thing i want to touch on is what if rates go up? that's a positive for the net interest margins for citigroup. >> i want to interrupt quickly. just saw a flash that 49 billion is the need for capital for the nationalized banks in spain. that may
. >> the inflation in the united states is clearly in the bottle, but it could just as easily get out of the bottle. is that your thesis for 2013? >> inflation is one of the risks of the thesis. the banks are being accommodating. one thing to remember the key factor would be velocity of money. it only goes up if lending increases and so an early beneficiary of that would be citigroup so you can think about that in the early days of that process as being a partial hedge. >> if...
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Sep 17, 2012
09/12
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states is going to come back to historical growth levels. the consensus view seems to be the one that everybody's incorporating in their portfolio. and rarely do you get paid for putting on a consensus bet. >> very good point. bill, always good to see you. thank you so much. >> thanks for having me. >>> next on "halftime report" kate tekelly uncovered the commodity hedge funds are gaga over. >> we're going to talk about the platinum trade and the fact that a number of hedge funds have made a mint in recent weeks since turmoil in south africa shut down major platinum mines. going long that metal. more when we come back. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ]
states is going to come back to historical growth levels. the consensus view seems to be the one that everybody's incorporating in their portfolio. and rarely do you get paid for putting on a consensus bet. >> very good point. bill, always good to see you. thank you so much. >> thanks for having me. >>> next on "halftime report" kate tekelly uncovered the commodity hedge funds are gaga over. >> we're going to talk about the platinum trade and the fact that a...
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Sep 18, 2012
09/12
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. now, that's what i call a test drive. silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! >>> i think the mic was on. >> final trade, baby. >> all right, doc. >> mpel. >> murv? >> tyc, tyco. >> guy? >> blackstone, still works, baby. >> ibm, ibm. >> looking for more ways to trade like a monster? jon joinn
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. now, that's what i call a test drive. silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll...
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36
Sep 21, 2012
09/12
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one of the things people consistently say is pick stocks that have big exposure to the united states, not so much to europe or china or other areas of the world slowing perhaps more dramatically than we are and having other issues. >> that's a good point and that is true but when you look at a gdp tracking somewhere in the low 1% range that's really going to impact small company earnings. what we've actually talked about with clients is you want those companies that aren't really economically centric you want companies that are going to be more secular growth stories, companies that don't rely on the economy, they may have a particular product, they may have a particular niche, kind of growing their business, but more -- less economically sensitive, more growth centric or sort of the one of the plays you want to make in terms of a slowing, in the overall economy. >> steve, small caps traditionally lead on the way up, outperform significantly in a lot of rallies and on the declining markets the bear markets they lead the market down tra dagsally. >> right. >> you have to be worried abo
one of the things people consistently say is pick stocks that have big exposure to the united states, not so much to europe or china or other areas of the world slowing perhaps more dramatically than we are and having other issues. >> that's a good point and that is true but when you look at a gdp tracking somewhere in the low 1% range that's really going to impact small company earnings. what we've actually talked about with clients is you want those companies that aren't really...